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Dec 5, 2012
12/12
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FOXNEWSW
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fiscal cliff, beyond the fiscal cliff. let me get to this steve. this is about including the debt ceiling. and what the president said about that in this negotiation today. >> we are not going to play that game next year. >> if congress in any way suggests they will tie negotiation to debt ceiling votes and take us to the brink of default once again, part of a budget negotiation, which by the way we have never done in our history until we did it last year. i will not play that game. because we have to break that habit before it starts. >> bret: what about that? >> well, the president had as many red lines for iran as for house republicans. i think what kirsten said is absolutely remarkable. it is about the scalp. it's about the president having made a campaign argument for the better part of 2012. so that he could run a class warfare campaign. now having to make good on that with the base of his party. the u.s. economy be damned. the republicans offered to give so much and offering precisely what erskine bowles laid out as a compromise position in
fiscal cliff, beyond the fiscal cliff. let me get to this steve. this is about including the debt ceiling. and what the president said about that in this negotiation today. >> we are not going to play that game next year. >> if congress in any way suggests they will tie negotiation to debt ceiling votes and take us to the brink of default once again, part of a budget negotiation, which by the way we have never done in our history until we did it last year. i will not play that game....
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Nov 17, 2012
11/12
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FBC
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off the fiscal cliff. john: really? one says sequestration may be okay. russ roberts comment not a horrible crisis? >> government spending is 3.8 trillion. you will cut 100 billion? that is o deck chair on the titanic. john: it is good across the board. >> if their actual cuts. i would do 20% across-the-board but that scares people because they think let's save the things that are important and cut the things that arnot. it is all important. the tax increases sound scarier of 400 billion but we have a $1 trillion deficit. each year we spend $1 trillion more than we take 10. so to raise taxes by 400 billion we have already raised them 1 trillion in the future. it is probably a good idea to say the spending is not a free lunch. john: and they're not talking about get rid of deductions and make it simpler. >> tax reform is great there is good and bad some deductions wold be good some others may be not so good but the limitation to take advantage of the fiscal cliff would be good for the economy to simplify th
off the fiscal cliff. john: really? one says sequestration may be okay. russ roberts comment not a horrible crisis? >> government spending is 3.8 trillion. you will cut 100 billion? that is o deck chair on the titanic. john: it is good across the board. >> if their actual cuts. i would do 20% across-the-board but that scares people because they think let's save the things that are important and cut the things that arnot. it is all important. the tax increases sound scarier of 400...
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Aug 23, 2012
08/12
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CSPAN
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now looking at 3% contraction of the economy if congress fails to act on the fiscal cliff. >> what action might lawmakers take to address the forecast when returning in the fall, and what can they get done before the election and in a post- election lame-duck? to go the cbo director said just a few minutes ago that congress should act in september when it comes back, and acting sooner is better than later, because already the economy is the anticipating a fiscal cliff and growth is being stunted. unfortunately, the press releases from either side of the aisle right after the report, there remains a stalemate in congress. the automatic spending cuts that are set to take place are due in put in place because the debt super committee failed to come up with a bipartisan deal. just last month senator patty murray warned that perhaps democrats would allow the fiscal quick to take effect in order to pressure republicans to agree to what she said is the balance field that includes tax increases. republicans refuse to do this and what passed a measure that would avoid the fiscal cliff or least avo
now looking at 3% contraction of the economy if congress fails to act on the fiscal cliff. >> what action might lawmakers take to address the forecast when returning in the fall, and what can they get done before the election and in a post- election lame-duck? to go the cbo director said just a few minutes ago that congress should act in september when it comes back, and acting sooner is better than later, because already the economy is the anticipating a fiscal cliff and growth is being...
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Nov 16, 2012
11/12
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FBC
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off the fiscal cliff. john: really? one says sequestration may be okay. russ roberts comment not a horrible crisis? >> government spending is 3.8 trillion. you will cut 100 billion? that is one deck chair on the titanic. john: it is good across the board. >> if their actual cuts. i would do 20% across-the-board but that scares people because they ink let's save the things that are important and cut the things that are not. it is all important. the tax increases sound scarier of 400 billion but we have a $1 trillion deficit. each year we spend $1 trillion more than we take 10. so to raise taxes by 400 billion we have already raised them 1 trillion in the future. it is probably a good idea to say the spending is not a free lunch. john: and they're not talking about get rid of deductions and make it simpler. >> tax reform is great there is good and bad some deductions would be good some others may be not so good but the limitation to take advantage of the fiscal cliff would be good for the economy to simplify
off the fiscal cliff. john: really? one says sequestration may be okay. russ roberts comment not a horrible crisis? >> government spending is 3.8 trillion. you will cut 100 billion? that is one deck chair on the titanic. john: it is good across the board. >> if their actual cuts. i would do 20% across-the-board but that scares people because they ink let's save the things that are important and cut the things that are not. it is all important. the tax increases sound scarier of 400...
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the looming fiscal cliff, our economy hanging in the balance. rachel quit the corporate grind to start her own interior design business. she's got a growing list of clients she keeps in touch with using e-ma marketing from constantcontact.com. constantcontact is easy and affordable. it lets her send out updates and photos that showcase her expertise and inspire her customers for only $15 a month. [ dog barking ] her dream -- to be the area's hottest interior design office. [ children laughing ] right now, she just dreams of an fice. get a free trial at constantcontact.com. lou: let's bring you upto-date correctly on the money and what is happening on wall street. concernssabout pending tax hikes and budget cuts also known as the fiscal cliff. too much for many investors. stock prices for a second straight session. the dow down another hundred and 20 points. the index down three and three-quarters percent. down 400 points. the s&p down another 70. the loss, now three and a half percent. and nasdaq 42 points. mounting to almost 4%. all three i
the looming fiscal cliff, our economy hanging in the balance. rachel quit the corporate grind to start her own interior design business. she's got a growing list of clients she keeps in touch with using e-ma marketing from constantcontact.com. constantcontact is easy and affordable. it lets her send out updates and photos that showcase her expertise and inspire her customers for only $15 a month. [ dog barking ] her dream -- to be the area's hottest interior design office. [ children laughing ]...
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the looming fiscal cliff, our economy hanging in the balance. moody's chief economist with us next. you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corne us bank. lou: let's bring you up-to-date correctly on the money and what is happening on wall street. concernssabout pending tax hikes and budget cuts also known as the fiscal cliff. too much for many investors. stock prices for a second straight session. the dow down another hundred and 20 points. the index down three and three-quarters percent. down 400 points. the s&p down another 70. the loss, now three and a half percent. and nasdaq 42 points. mounting to almost 4%. all three indexes trading under their 200 day moving average. volume, two or three quarter billion shares. negative. nine o
the looming fiscal cliff, our economy hanging in the balance. moody's chief economist with us next. you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corne us...
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111
Nov 14, 2012
11/12
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FBC
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the fiscal cliff is threatening wall street, stocks beginning with some optimism, a modest rally only to see wary of the fiscal cliff. the dow and s&p down half a percent on the day. the nasdaq down three quarters of a percent. all three indexes under the 200 day moving averages, that is not good. tech shares the weakest of the market, microsoft a big weight on the market down three and three quarters of a percent on news the person responsible for the companies windows 8 has left the company. cisco unchanged but the stock is trading slightly higher. beating targets on revenue and earnings. and the stock market struggling, but the moneyymoving out of stocks back into the debt market pushing prices higher. the 10-year yield down to a 1.59%. getting a better understanding of the constituents, back in washington in session with a long list of chores. none more pressing than dealing with a fiscal cliff of the benghazi investigation. joining us now, host of "huckabee" on the fox news channel. and author of the brand-new book. it is great to have you here. congratulations on the new book. >
the fiscal cliff is threatening wall street, stocks beginning with some optimism, a modest rally only to see wary of the fiscal cliff. the dow and s&p down half a percent on the day. the nasdaq down three quarters of a percent. all three indexes under the 200 day moving averages, that is not good. tech shares the weakest of the market, microsoft a big weight on the market down three and three quarters of a percent on news the person responsible for the companies windows 8 has left the...
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Nov 28, 2012
11/12
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FOXNEWSW
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the fiscal cliff, come on. the economy is going back into a recession. >> nobody said anything about that. all they will say is did the moon get blown up? >> it was go usa. >> better yet, drop bombs that form craters in the giant usa on the moon. >> bill, is it possible that this idea leaked out earlier than we think and george lucas used it as the idea for the ending of "star wars"? >> i wouldn't know this obviously. >> no, george lucas, i don't give him credit for anything. i don't think this is as much commentary on the times in the 50s or the science involved and more on our current media. every single story that teased this, you are like, we tried to blowup the entire moon? no we were sending nukes over there that would do no damage. the worst part, the current state of the media assumes everyone watching thinks the moos is the size of a tennis ball and easily knocked out with a couple of nukes. i don't know who loses here, but a lot of people. >> i couldn't agree more. >>> next topic. on tuesday china's c
the fiscal cliff, come on. the economy is going back into a recession. >> nobody said anything about that. all they will say is did the moon get blown up? >> it was go usa. >> better yet, drop bombs that form craters in the giant usa on the moon. >> bill, is it possible that this idea leaked out earlier than we think and george lucas used it as the idea for the ending of "star wars"? >> i wouldn't know this obviously. >> no, george lucas, i don't...
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Nov 17, 2012
11/12
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FOXNEWS
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off the fiscal cliff. john: really? one says sequestration may be okay. russ roberts comment not a horrible crisis? >> government spending is 3.8 trillion. you will cut 100 billion? that is one deck chair on the titanic. john: it is good across the board. >> if their actual cuts. i would do 20% across-the-board but that scares people because they think let's save the things that are important and cut the things that are not. it is all important. the tax increases sound scarier of 400 billion but we have a $1 trillion deficit. each year we spend $1 trillion more than we take 10. so to raise taxes by 400 billion we have already raised them 1 trillion in the future. it is probably a good idea to say the spending is not a free lunch. john: and they're not talking about get rid of deductions and make it simpler. >> tax reform is great there is good and bad some deductions would be good some others may be not so good but the limitation to take advantage of the fiscal cliff would be good for the economy to simpli
off the fiscal cliff. john: really? one says sequestration may be okay. russ roberts comment not a horrible crisis? >> government spending is 3.8 trillion. you will cut 100 billion? that is one deck chair on the titanic. john: it is good across the board. >> if their actual cuts. i would do 20% across-the-board but that scares people because they think let's save the things that are important and cut the things that are not. it is all important. the tax increases sound scarier of...
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Nov 15, 2012
11/12
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FOXNEWSW
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cliff the economy is approaching if they don't reach a deal on reducing the deficit. house democratic leader nancy pelosi urged extending middle class tax cut. >> we must not hold middle class tax cuts hostage to wealthiest americans. >> republicans know if they don't the democrats will let the upper income tax cuts expire, which they say will hurt job creation. day after the first news conference in more than half a year and the first after the re-election, newspaper seized on the president's suggestion he might not demand the top income tax rate return to what it was under bill clinton. aides with him for the second tour of damage from hurricane sandy suggested mr. obama's demand is for a sure source of re-knew, leaving negotiators to decide how much the re-knew is. >> what i will not do is to have a process that is vague, that says we're going to sort of, kind of raise revenue through dynamic scoring. or closing loopholes that have not been identified. >> on this day, house speaker john boehner claimed that gallup survey showed most people support lowering the defi
cliff the economy is approaching if they don't reach a deal on reducing the deficit. house democratic leader nancy pelosi urged extending middle class tax cut. >> we must not hold middle class tax cuts hostage to wealthiest americans. >> republicans know if they don't the democrats will let the upper income tax cuts expire, which they say will hurt job creation. day after the first news conference in more than half a year and the first after the re-election, newspaper seized on the...
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Nov 19, 2012
11/12
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FOXNEWSW
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. >> which really will create chaos gland drive our economy off the fiscal cliff. >>fo really? >> well, one of the people who teaches me economics says, no, sequestration might be okay. that's russ roberts of the hoover institute. so it's not this big horrible crisis? well, when government spending is about 3.8 trillion, 3.8 trillion and you're going to cut 100 bill, that's a deck chair on the titanic. it's not really a dramatic change. >> it might be good if they're across the board. >> if they're actual cuts, that would be great.ar across the board would be good. i would cut 10 or 20% if i had my choice, it scares people because they think let's save the things that are important and cut the things that are not so important. that never works. >> it's all important. it's all crucial. the tax increases sound scarier. that's about $4 ho 400 billion. >> we have a trillion dollar deficit. we're already spending for the last four years each year a trillion more than we take in. so saying we're going to raise taxes by 400 billion in one year, well, we're already raising them a trill
. >> which really will create chaos gland drive our economy off the fiscal cliff. >>fo really? >> well, one of the people who teaches me economics says, no, sequestration might be okay. that's russ roberts of the hoover institute. so it's not this big horrible crisis? well, when government spending is about 3.8 trillion, 3.8 trillion and you're going to cut 100 bill, that's a deck chair on the titanic. it's not really a dramatic change. >> it might be good if they're...
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Nov 9, 2012
11/12
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FOXNEWSW
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it shows if you go off the fiscal cliff the economy goes into recession if at the beginn of 2013 s. it is not a small matter. i think we have to address it. >> it will all come down to these two men. the president expected to draw a line in the sand insisting on a massive tax hike for wealthy americans and republican house speaker john boehner open to raising taxes but in other ways. he told abc news tax rates should remain where they are. >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about? >> raising tax rates is unacceptable and frankly it couldn't pass the house. putting increased revenues on the table but through reforming our tax code. i would do that if the president were serious about solving our spending problem and twieing -- trying to secure our entitlement programs. >> most economists agree you have to do something about the big entitlement programs medicare, medicaid social security. is there a political willingness to do that to strike some kind of a grand bargain? that could take months or
it shows if you go off the fiscal cliff the economy goes into recession if at the beginn of 2013 s. it is not a small matter. i think we have to address it. >> it will all come down to these two men. the president expected to draw a line in the sand insisting on a massive tax hike for wealthy americans and republican house speaker john boehner open to raising taxes but in other ways. he told abc news tax rates should remain where they are. >> raising taxes on small business people...
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Nov 8, 2012
11/12
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FOXNEWS
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tomorrow afternoon, talk about the economy, fiscal cliff. it doesn't look like he will take questions, not a full scale. post election news conference, though. it may be coming soon. >> bret: we'll cover it live on fox. thanks. what is the most pressing issue right now for president? let me know on twitter. follow me. @bretbaier. we kept you well fed with steady diet of polls in the campaign. which ones were right? this which ones were complete junk food? answer is later in the grapevine. up next, trying to wean the economy off massive debt and deficits. [ male announcer ] what are happy kids made of? bikes and balloons, and noodles on spoons. a kite, a breeze, a dunk of grilled cheese. catches and throws, and spaghettio's. a wand, some wings, soup with good things. sidewalks and doodles and wholesome noodles. puddles and pails and yes, puppy dog tails. for a lunch like this, there's a hug and a kiss. because that's what happy kids are made of. campbell's. it's amazing what soup can do. >> bret: one of the most pressing issue for president o
tomorrow afternoon, talk about the economy, fiscal cliff. it doesn't look like he will take questions, not a full scale. post election news conference, though. it may be coming soon. >> bret: we'll cover it live on fox. thanks. what is the most pressing issue right now for president? let me know on twitter. follow me. @bretbaier. we kept you well fed with steady diet of polls in the campaign. which ones were right? this which ones were complete junk food? answer is later in the grapevine....
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Dec 30, 2012
12/12
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FOXNEWSW
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there are some strategist who is have said that the fiscal cliff won't hit the economy right away. tell actually give lawmakers more time to continue negotiating. but how long can our economy take the uncertainty? >> it is not just uncertainty. we have had that factored in. the reality is that unless the president suspends the increase in payroll taxes that are going to take place, not just social security, but withholding for income tax, while they continue to negotiate, we have gone off the cliff. in the month of january, people will live off their credit cards, but they can only do that so long. come february and march, the higher taxes will require adjustments in the spending habits of folk who is make between $25,000 and $100,000 a year. i would point out that this is no reason to give the president everything he wants and pass that bill that he proposes because if the republicans do that, they lose all their leverage. i have news for most people. if we dont curb our spending, everybody's going to have to pay the higher taxes in the end because things are flying out of ceil. >
there are some strategist who is have said that the fiscal cliff won't hit the economy right away. tell actually give lawmakers more time to continue negotiating. but how long can our economy take the uncertainty? >> it is not just uncertainty. we have had that factored in. the reality is that unless the president suspends the increase in payroll taxes that are going to take place, not just social security, but withholding for income tax, while they continue to negotiate, we have gone off...
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Nov 15, 2012
11/12
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CNBC
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we have the fiscal cliff. we have still a slow economy. we have bad economic numbers that continue to come out of europe. we have a meeting coming up in a few weeks in europe to decide the next steps there. there are a lot of things happening out there. frankly, it's not a surprise the market sells off more than that. what does it hate more than anything? uncertainty. >> yeah, sarah, usually this is the time of the year investors are thinking about taxes anyway. what about you? is it keeping you from buying what you would have bought otherwise because of the uncertainty about the fiscal cliff? >> well, the way we look at the fiscal cliff is this is going to have a medium or long-term effect on the u.s. economy and global economy. we think we've been through so many uncertainties in the last four years we should probably be used to it by now. we're looking ahead to the second quarter where the u.s. should go back to trend growth and holding tight our strong convictions. >> so you're buying here snmp? s >> yeah, we think it's going to get a
we have the fiscal cliff. we have still a slow economy. we have bad economic numbers that continue to come out of europe. we have a meeting coming up in a few weeks in europe to decide the next steps there. there are a lot of things happening out there. frankly, it's not a surprise the market sells off more than that. what does it hate more than anything? uncertainty. >> yeah, sarah, usually this is the time of the year investors are thinking about taxes anyway. what about you? is it...
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Nov 9, 2012
11/12
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WJLA
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wall street is facing growing fears that the economy could careen over that so-called fiscal cliff, which is the double-whammy of spending cuts and tax hikes that kicks in january 1st whout a deal in congre. the dow sank another 121 points yesterday, with a two-day loss of 400 points. the nasdaq tumbled 41, almost 1.5%. >>> mcdonald's is serving up some disappointing numbers. the fast food giant says worldwide monthly sales are down for the first time in nearly ten years, dropping 1.8% in october. the weak economy and competition from chains, such as burger king and chipotle, are key reasons for the decline. >>> and speaking of food, this year's thanksgiving feast, just 13 days away, we should add, is going to cost about the same as last year. the price of a classic holiday meal, turkey and trimmings for ten, is pegged at $48.48. that's up just 28 cents from last year. >>> and more stores are trying to get you up from the table and into the mall. sears and walmart are opening up at 8:00 thanksgiving night to get a jump on black friday. and best buy, the biggest electronics chain is offeri
wall street is facing growing fears that the economy could careen over that so-called fiscal cliff, which is the double-whammy of spending cuts and tax hikes that kicks in january 1st whout a deal in congre. the dow sank another 121 points yesterday, with a two-day loss of 400 points. the nasdaq tumbled 41, almost 1.5%. >>> mcdonald's is serving up some disappointing numbers. the fast food giant says worldwide monthly sales are down for the first time in nearly ten years, dropping 1.8%...
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Nov 9, 2012
11/12
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KNTV
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. >> reporter: the economy could go off that cliff. so what exactly is the fiscal cliff? it is a nightmare combination of tax hikes and spending cuts that congress and the president agreed to. to force themselves into a compromise. but so far, they have not agreed on anything. so barring a last-minute fix at the stroke of midnight on new year's eve, the bush tax cuts expire. the alternative minimum tax kicks in. more than half of all married couples with two children would owe an additional $4,000 in taxes per year, for those with three children or more, that jumps to $4700. on top of that, the payroll tax cut would expire. so add on a 2% tax increase for most workers, with automatic spending cuts in a thousand government programs, including defense, medicare, extended unemployment benefits. everything but veteran's benefits and social security, and federal pensions congress says that action would act as a break on the economy, throwing it back into recession and could cause a market crash. >> people watching very closely is can the ad
. >> reporter: the economy could go off that cliff. so what exactly is the fiscal cliff? it is a nightmare combination of tax hikes and spending cuts that congress and the president agreed to. to force themselves into a compromise. but so far, they have not agreed on anything. so barring a last-minute fix at the stroke of midnight on new year's eve, the bush tax cuts expire. the alternative minimum tax kicks in. more than half of all married couples with two children would owe an...
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Dec 7, 2012
12/12
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FOXNEWSW
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when it comes to the fiscal cliff threatening our economy and jobs the white house has wasted another week. >>reporter: he calls officials saying they are ready to go over the trip. >>shepard: democrats insist that revenue, revenue, revenue is the key. >>guest: president obama campaigned on it and obviously won and democrats insist upper income americans should pay higher taxes but there could be room to negotiate but their point is they don't want to talk about other aspects of a deal until the g.o.p. gives in on their demand for more tax money. >> what is lacking are the revenues. we cannot cut your way to deficit reduction. what reduces the deficit are jobs. job creation. after spending cuts, and medicare saving, and next is the revenue. >>reporter: leader pelosi spent time at the white house today meeting with president obama on what we are told are a number of issues. >>shepard: thank you, mike, from washington, dc. we know that business collects information from us when we go to our website our mobile apps. usually it is legal. there is a new law that requires companies to notif
when it comes to the fiscal cliff threatening our economy and jobs the white house has wasted another week. >>reporter: he calls officials saying they are ready to go over the trip. >>shepard: democrats insist that revenue, revenue, revenue is the key. >>guest: president obama campaigned on it and obviously won and democrats insist upper income americans should pay higher taxes but there could be room to negotiate but their point is they don't want to talk about other aspects...
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Nov 30, 2012
11/12
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FOXNEWSW
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>> well, to some degree, remember, what is the fiscal cliff? it will hurt the economy allegedly. i don't buy it but that is what everyone -- >> bret: it will hurt the pentagon, correct? >> right. and the domestic spending cuts. fiscal cliff is not cutting spending. it's about preventing a tax increase that preventing spending cuts. now the republican arguement is more complicated. to use the deadline, legitimate argument. i agree with it in principle. use the deadline to get the longer range spending cuts. the president can say fine, i want to negotiate those next year. can't do it in three weeks. incidentally, speaker boehner what medicare cuts are you for, he will say? if the republican position, the republicans campaigned against $716 million in medicare cuts from the current program. republicans for medicare reform. not for squeezing the current program. they will say i want to give the middle class, make sure the middle class tax rate stay where they are. i don't want the republicans to squeeze medicare more than we did, have done in the past. i'm worried. that the president
>> well, to some degree, remember, what is the fiscal cliff? it will hurt the economy allegedly. i don't buy it but that is what everyone -- >> bret: it will hurt the pentagon, correct? >> right. and the domestic spending cuts. fiscal cliff is not cutting spending. it's about preventing a tax increase that preventing spending cuts. now the republican arguement is more complicated. to use the deadline, legitimate argument. i agree with it in principle. use the deadline to get...
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. >> reporter: the fiscal cliff is still three weeks away. but the economy may have already taken a hit. economists predict the government's monthly jobs report, due out later this morning, will show that employers added fewer than 100,000 workers in november. superstorm sandy may be part of the reason job creation slowed. but worry over the fiscal cliff may have also had an immaterial pact. some economists believe that 200,000 fewer jobs thhave been created this year, due to uncertainty about the fiscal cliff. >> it's very important we get it done now. >> reporter: republicans and democrats are talking again. but still, no breakthrough. the parties are locked in a stalemate. president obama is demanding that higher tax rates for the wealthy and a permanent extension of the debt ceiling, the government's ability to borrow money, be part of the deal. >> he's assuming unprecedented power to spend taxpayer dollars out any limit at all. >> reporter: republicans who say they're open to raising tax revenue say they will only do so in exchange for d
. >> reporter: the fiscal cliff is still three weeks away. but the economy may have already taken a hit. economists predict the government's monthly jobs report, due out later this morning, will show that employers added fewer than 100,000 workers in november. superstorm sandy may be part of the reason job creation slowed. but worry over the fiscal cliff may have also had an immaterial pact. some economists believe that 200,000 fewer jobs thhave been created this year, due to uncertainty...
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Dec 27, 2012
12/12
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MSNBCW
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a lot of smart people argue how quickly the fiscal cliff will damage the economy. we'll talk more in the show about what the timetable will be. here's what you need to know. the treasury department said on monday they need to begin taking action to keep us from breaking through the debt ceiling. they can buy us two months with the tricks they have up their sleeve. if we waste that time, we get to the debt ceiling and we haven't climbed back up the fiscal cliff and the republicans begin playing games with the debt ceiling, that would be fiscal suicide. we breakthrough the debt ceiling, we're talking depression. not a quick recession. it would be the single stupidest and most damaging act of sabotage in american history. and it cannot be allowed to happen. and here, hopefully to tell me why it will not happen is alice, who probably knows more about the budget and the budget deals than probably anybody else alive. she's appointed to president obama's national commission on fiscal responsibility and reform. and she's currently a senior fellow at the brookings instituti
a lot of smart people argue how quickly the fiscal cliff will damage the economy. we'll talk more in the show about what the timetable will be. here's what you need to know. the treasury department said on monday they need to begin taking action to keep us from breaking through the debt ceiling. they can buy us two months with the tricks they have up their sleeve. if we waste that time, we get to the debt ceiling and we haven't climbed back up the fiscal cliff and the republicans begin playing...
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Dec 10, 2012
12/12
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FOXNEWSW
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economy from going off the fiscal cliff in the new year. in fact, most experts believe a framework deal must be reac reached this week, most likely by thursday to give the house, ways and means and the senate finance committee several days to work the deal to legislative language. since it will be complex, likely to increase re-knew and cut entitlement spending if the lawmakers want a cost estimate with nonpartisan numbers from the congressional budget office, it would require several more days. the house g.o.p. requires that the bill be posted for parts of three days which means early next week in order for votes by the end of next week. veterans of past capital hill battles note the whip operation convincing lawmakers to vote for the legislation they barely seen will be critical. >> likely that both sides, the president and the speaker are going to have to twist arms, they are going to have to call people. they are going, you know, do anything they can to push a deal over the line. >> with christmas eve in two weeks, the president, lawmak
economy from going off the fiscal cliff in the new year. in fact, most experts believe a framework deal must be reac reached this week, most likely by thursday to give the house, ways and means and the senate finance committee several days to work the deal to legislative language. since it will be complex, likely to increase re-knew and cut entitlement spending if the lawmakers want a cost estimate with nonpartisan numbers from the congressional budget office, it would require several more...
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Nov 23, 2012
11/12
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FBC
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so the fiscal cliff is a contraction in the government imposed into the economy of 45% of gdp. on the first order that will hit and reduce economic growth from 2 percent down some-1,-2 very easily. lou: in your judgment would be helpful, profoundly helpful for congress and this president to agree that there will leave everything, create a status quo for negotiations on a reform of the tax code that would take place over the course of six to nine months next year and hold in abeyance any changes just simply stopping, for the first time in some time ever, congress and our president actually think through public policy. >> absolutely. tax-cut reform on the one hand, and salomon reform on the other. if congress and the president move in that direction it would be a very, very positive signal that the political process is actually functioning. lou: a real quickly, we're out of time. some symbols, reasonable template. >> i think it is. lou: thank you for being here. president obama's reelection reigniting the debate about illegal immigration. what a republican ship on illegal immigra
so the fiscal cliff is a contraction in the government imposed into the economy of 45% of gdp. on the first order that will hit and reduce economic growth from 2 percent down some-1,-2 very easily. lou: in your judgment would be helpful, profoundly helpful for congress and this president to agree that there will leave everything, create a status quo for negotiations on a reform of the tax code that would take place over the course of six to nine months next year and hold in abeyance any changes...
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Nov 13, 2012
11/12
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CSPAN2
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they will talk about the so-called fiscal cliff and the economy. again, you can see the senate here on c-span2. >> [inaudible conversations] >> [inaudible conversations] >> [inaudible conversations] >> if folks could settle down, take your seats, stop clinking. i'm michael ettlinger, the vice president for economic policy at the center for american progress, and i will be moderating this panel. i can't a bit of a lesbian and we will be moving from guns to butter i guess. our swords to ploughshares, something. we talk about what, how we're going to deal with the fiscal cliff, whether it's going to a grand bargain or model to our whatever happens. there's never programs that are sadly going to get particular attention or they'll bill we'll hot potatoes. for one reason because their programs the government doesn't consider very much the public, very aware of and things that are very much in the political discussion. you know, for people who are pushing for substantial budget cuts in general, getting entitlements under control, and i think what's notab
they will talk about the so-called fiscal cliff and the economy. again, you can see the senate here on c-span2. >> [inaudible conversations] >> [inaudible conversations] >> [inaudible conversations] >> if folks could settle down, take your seats, stop clinking. i'm michael ettlinger, the vice president for economic policy at the center for american progress, and i will be moderating this panel. i can't a bit of a lesbian and we will be moving from guns to butter i guess....
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119
Nov 18, 2012
11/12
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CNN
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economy falls off the fiscal cliff. >>> they are far from a deal, but if you listen carefully, you can hear the faint sounds of compromise. >> we're both going to have to give up some of the things that we know are a problem. >> most of my members, i think, without exception, believe we're in the dilemma we're in not because we tax too little, but because we spend too much. >> okay, maybe it doesn't sound like much, okay, but when congressional leaders left the white house, they were talking about getting a deal, if believe on the nick of time. >> we can do this and avert the fiscal cliff that is right in front of us today. >> we should have a deadline before christmas. >> high stakes deal making in the season of goodwill. the possibilities are endless. not all of them are good. senate majority whip dick durbin, and the house chairman tom price are next. [ male announcer ] alka-seltzer plus presents the cold truth. i have a cold, and i took nyquil, but i'm still "stubbed" up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a decon
economy falls off the fiscal cliff. >>> they are far from a deal, but if you listen carefully, you can hear the faint sounds of compromise. >> we're both going to have to give up some of the things that we know are a problem. >> most of my members, i think, without exception, believe we're in the dilemma we're in not because we tax too little, but because we spend too much. >> okay, maybe it doesn't sound like much, okay, but when congressional leaders left the white...
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and understands that solving the fiscal cliff would be an important part of not having the economy go off a cliff again. now the big question is, okay, so john boehner thinks he's the most responsible person in washington. will his republican caucus feel the same way? so there could be sometimes like herding cats. >> i have another question. how about just going off the fiscal cliff altogether? some pundits like paul krugman saying we should go over the fiscal cliff. let me read this to you, republicans are trying for the third time to use economic blackmail to achieve a goal they lack the votes to achieve through the normal legislative process. this has to stop. unless we want hostage taking the threat of making the nation ungovernable to become a standard part of our political process so what should the president do? just say no, and go over the fiscal cliff if necessary. richard, do you agree? >> you know, i don't agree. and i really think that that is not what this election -- at'sth not the message this election sent. i think people want the country to come together. and i think
and understands that solving the fiscal cliff would be an important part of not having the economy go off a cliff again. now the big question is, okay, so john boehner thinks he's the most responsible person in washington. will his republican caucus feel the same way? so there could be sometimes like herding cats. >> i have another question. how about just going off the fiscal cliff altogether? some pundits like paul krugman saying we should go over the fiscal cliff. let me read this to...
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143
Nov 21, 2012
11/12
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CSPAN
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economy as we are approaching this fiscal cliff. caller: yes, thank you. i don't see much confidence. i don't see the fiscal cliff as the big problem. the problem is the federal reserve monetary policy. the idea that the weekend keep printing money and borrowing money and expect the government to carry everything. we are buying up all these bonds and keeping interest rates so low. politicians from both parties are telling us we need to cut spending a little and raise little. we need to save the dollar to save our country from going into hyperinflation or hitting another depression, the likes of which we have never seen before. we must cut spending drastically across the board. we cannot have entitlement welfare/or fair. we have to have a sound currency that actually has value planned instead of just relying on everybody accepting the dollar. china and saudi arabia are talking about protecting the u.s. dollar, so we cannot have that. we have to have a sound monetary policy and stop letting international bankers control the stocks of our centralized banking
economy as we are approaching this fiscal cliff. caller: yes, thank you. i don't see much confidence. i don't see the fiscal cliff as the big problem. the problem is the federal reserve monetary policy. the idea that the weekend keep printing money and borrowing money and expect the government to carry everything. we are buying up all these bonds and keeping interest rates so low. politicians from both parties are telling us we need to cut spending a little and raise little. we need to save the...
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Nov 19, 2012
11/12
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FOXNEWSW
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what about us and the fiscal cliff and the economy? you know, american businesses are already apparently bracing for what's coming next. firms are cutting investment by the most that we've seen since the recession of 2008. and while fear of the fiscal cliff is one factor, it's not the only factor, and that's why we wanted to talk more about this with charles payne, ceo of w street.com and a fox business network contributor, and peter morici, university of maryland. so, charles, not the only factor, the fiscal cliff, but what else is at play? >> let's face it, jenna, we've got a very anemic economy. going back to last year when there were great fears about a double dip recession, we sort of cheered when it didn't happen, but we also have to realize we've been live anything a world where 2% growth has been great, obviously, we know that's not the kind of growth you're going to come in literally billions of dollars and hire people under the assumption that maybe things will simply get better. so we've seen this coming for a very long time
what about us and the fiscal cliff and the economy? you know, american businesses are already apparently bracing for what's coming next. firms are cutting investment by the most that we've seen since the recession of 2008. and while fear of the fiscal cliff is one factor, it's not the only factor, and that's why we wanted to talk more about this with charles payne, ceo of w street.com and a fox business network contributor, and peter morici, university of maryland. so, charles, not the only...
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Dec 31, 2012
12/12
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MSNBCW
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the fiscal cliff isn't the only thing rattling the economy. in just a few weeks lawmakers will begin battling over the debt ceiling. you may recall that in the summer of 2011 the debt limit standoff led to the first ever downgrade of the nation's credit rating. joining us now from capitol hill is cnbc's aman jabbers. appreciate you helping us make sense of all of this. >> happy new year. thank you for having me. >> on a less happy note, there are economists who are saying this whole fight over the fiscal cliff, the rangeling in washington has already caused a hit on the economy. can you explain sort of what the impact of the debate has been. >> you dw definitely seen it. ju as early as friday when we report that the president was not making his new offer with offers down at the white house. we saw the stock market sell off rather dramatically just in those couple of minutes as that news was coming out. i got to say that over the past 24 hours or so the stock market has been relatively calm sort of expecting a deal, expecting that lawmakers wil
the fiscal cliff isn't the only thing rattling the economy. in just a few weeks lawmakers will begin battling over the debt ceiling. you may recall that in the summer of 2011 the debt limit standoff led to the first ever downgrade of the nation's credit rating. joining us now from capitol hill is cnbc's aman jabbers. appreciate you helping us make sense of all of this. >> happy new year. thank you for having me. >> on a less happy note, there are economists who are saying this whole...